"In August, we discovered that it had been three months since RateSetter had issued a loan without the protection of the provision fund attached – or, in other words, three months since the platform had played host to institutional money. That trend within RateSetter's loan book has run diametrically opposed to the shifts that have been taking place at Zopa and Funding Circle, where the direction of traffic has increasingly favoured institutional money. 56.3% of the loans originated by Zopa in July were funded by institutions, 48% for Funding Circle. And then of course we have the mighty US marketplace lenders, such as Lending Club and Prosper, which have for a long time been up to 80% or 90% funded by institutional money."

"Money&Co notes that although much interest from big players exists for those looking to lend money via its platform, and to invest in its company, there will always be a place for the individual investor. "We will keep the crowd, and by that I mean smaller individual investors and lenders, in the Money&Co. crowd," promised Money&Co. CEO, Nicola Horlick.

Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817,
registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA).
The company is identified on the Financial Services Register under Reference Number 727325.
The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.